If it just seems like the first Friday of the month wasn't the same without being able to pore through the Bureau of Labor Statistics' hotly watched monthly jobs report, don't worry. You probably didn't miss much. While the BLS has gone dark with the shutdown in Washington, other reports outside the government data suggest the labor market just plodded along in September. The Dow Jones consensus forecast was for growth of 51,000 in nonfarm payrolls with the unemployment rate holding steady at 4.3%. High-frequency data that includes job postings, private payrolls and state-by-state figures...
US stocks closed higher on Monday (September 15), driven by gains in technology stocks after President Donald Trump indicated that U.S.-China trade talks were progressing well, and investors awaited the Federal Reserve's decision on Wednesday. The S&P 500 rose 0.4% to close above 6,600 for the first time, the Nasdaq 100 gained 0.8%, also extending its record high, and the Dow Jones Industrial Average rose about 50 points. Tesla jumped 3.6% after CEO Elon Musk announced a nearly $1 billion stock purchase, his largest-ever public stock purchase, while Alphabet rose 4.3% to reach a $3...
Stocks in the US were higher on Monday, with the S&P 500 rising 0.4%, the Nasdaq adding 0.5% and the Dow Jones gaining about 50 points, as traders await the Fed's policy decision. Markets have fully priced in a 25 bps cut to the fed funds rate, while leaving a small chance for a larger 50 bps move. Investors largely expect rate cuts to persist through year-end. On the corporate front, Tesla shares surged nearly 7% after reports that Elon Musk purchased about $1 billion worth of the EV maker's stock last week. In contrast, Nvidia slipped about 1.5% after Chinese regulators said the...
Japan's Nikkei 225 index opened higher on Monday (September 15th) at 44,803.30 points before closing at 44,768.12 points. Although it briefly broke through its daily high of 44,888.02 points, the index was unable to maintain its full gains due to profit-taking near the close. Overall, the index recorded a daily gain of around +0.89% compared to the previous session. Daily Movement Throughout the session, the Nikkei moved within a range of 44,548.57 – 44,888.02 points. The strong opening sparked market optimism that the rally could continue, but selling pressure from investors seeking to...
The Hang Seng rose 58 points or 0.2% to close at 26,447 on Monday, marking its second straight gain and tracking an uptick in U.S. futures ahead of an expected Fed rate cut this week. While markets expect a 25bps reduction, President Trump has pushed for a larger move, calling the timing "ideal." Hong Kong shares hovered near a four-year high, supported by ongoing U.S.-China trade talks in Madrid that enter day two today. However, gains were capped by weak August data from China, with factory output, retail sales, credit, exports, and fixed asset investment all underperforming. Tech led...
European stocks started the week in positive territory, with the STOXX 50 up 0.6% and the STOXX 600 rising 0.3% to reach three-week highs, as traders brace for a busy week of central bank monetary policy decisions. The Federal Reserve is widely expected to resume interest rate cuts, with a 25 bps reduction fully priced in. Investors will also be watching policy updates from the Bank of England, the Bank of Japan, and the Bank of Canada. Meanwhile, attention remains on France after Fitch downgraded the country's credit rating last Friday, citing rising government debt, growing political...
Asia-Pacific markets traded higher, tracking Wall Street gains overnight.
Japan's benchmark Nikkei 225 rose 0.41% after hitting a fresh record high on Thursday, while the Topix added 0.61%. South...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
The U.S. government shut down much of its operations on Wednesday as deep partisan divisions prevented Congress and the White House from reaching a funding deal, setting off what could be a long,...